Insiders and Outsiders in Union.
This paper examines the importance of distinguishing between 'insiders' and 'outsiders' in models of union-firm bargaining. In general, insiders are those workers already established in the firm,...
The Effect of Changes in Wage Orientation and Bargaining Power on Union Wages and Profits
This note uses a simple, Nash-bargaining model between a union and a firm to analyze the effect on wages and profits of a simultaneous change in the union's relative preference for wages over...
Effort, Productivity and Inflation
Joao Ricardo Faria, Peter J. Sanfey
This paper examines the effect of inflation on effort and productivity in a representative agent model. We allow individual effort to be a continuous choice variable, which affects utility negatively...